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Ivanhoe Mines Files NI 43-101 Technical Report for the Tier-One Platreef Platinum, Palladium, Rhodium, Nickel, Gold and Copper Mine in South Africa
Platreef, one of the world’s largest undeveloped precious metals projects, to be lowest co...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ivanhoe Mines Files NI 43-101 Technical Report for the Tier-One Platreef Platinum, Palladium, Rhodium, Nickel, Gold and Copper Mine in South AfricaPlatreef, one of the world’s largest undeveloped precious metals projects, to be lowest cost platinum, palladium, rhodium, and gold producer; with significant nickel and copperPhase 1 production commencing Q4 this year, with Phase 2 expansion accelerated to 2027 4.1 Mtpa Feasibility Study (Phase 1 & 2) yields after-tax NPV8% of $1.4 billion and IRR of 20%, producing over 450,000 ounces platinum, palladium, rhodium and gold per annum10.7 Mtpa PEA (Phase 1, 2 & 3) yields an after-tax NPV8% of $3.2 billion and 25% IRR, scaling up annualized production to over 1.0 million ounces of platinum, palladium, rhodium, and gold, plus approx. 25,000 tonnes of nickel and 15,000 tonnes of copperPlatreef’s vast, open-ended deposit contains 42 million ounces of precious metals in Indicated Resources and 53 million ounces in Inferred Mineral Resources at 2 g/t cut-offJohannesburg, South Africa--(Newsfile Corp. - March 31, 2025) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that, following the announcement made on February 18, 2025, the company has filed the National Instrument 43-101 (NI 43-101) technical report covering the Platreef Integrated Development Plan 2025. The Platreef Integrated Development Plan 2025 includes two independent technical studies covering the three-phase expansion of the tier-one Platreef platinum, palladium, rhodium, nickel, gold, and copper mine in South Africa.The two completed independent studies consist of an updated Feasibility Study on the Phase 2 expansion to 4.1 Mtpa of processing capacity (4.1 Mtpa FS), and a Preliminary Economic Assessment covering a new Phase 3 expansion to 10.7 Mtpa of processing capacity (10.7 Mtpa PEA). The Platreef 2025 IDP technical report was prepared by OreWin Pty Ltd of Adelaide, Australia; The MSA Group (Pty) Ltd of Johannesburg, South Africa; SRK Consulting (South Africa) (Pty) Ltd of Cape Town, South Africa; DRA Projects (Pty) Ltd of Johannesburg, South Africa; and, WSP Global Inc. of Montreal, Canada. The independent Qualified Persons responsible for preparing the 4.1 Mtpa FS and 10.7 Mtpa PEA, on which the Platreef 2025 IDP technical report was based are; Bernard Peters (OreWin Pty Ltd), Jeremy Witley (...